Good morning,

Yesterday I presented you 2 possibilities :

• The triple zigzag for Z concluded in a slight truncation and the bottom for wave 4 is in
• We concluded a first zigzag for Z, and it will be followed by at least one more zigzag to give us lower prices

Today I present a new idea, and this idea becomes my primary, not ruling out the 2 scenarios above though.

So what is this new idea? In this idea the "X" of higher degree is still in progress, the recent crash event was a fake (trap) and part of the correction. This would mean we see strength from here, but it would be a fake rally to give us a higher "X" and setting up one more bull trap. So yeah, back to the original idea I had this Summer that the "X" would go a bit higher - you may not like this idea as it would delay moon some more.

How would this idea look count-wise :

Take notice, there is no change in HOW I count the waves, what changes is the degree of the waves. The triple zigzag from the low becomes "W" on a higher degree, the decline from that wave becomes a double zigzag on that same degree "X"  - what is next if this interpretation is correct? A wave "Y" on that degree, and that wave is supposed to go over "W" - and that wave would most likely conclude the "X" on the orange degree. From there a last crash would conclude the correction. I reserve my rights to switch back to one of the other scenarios if the price action in the next couple of days does not fit with this idea.

So let us fit this idea into the big picture :

This new idea resolves the issue of a pretty small X wave on the orange degree, I always expected it to go a bit higher and this assumption may be correct after all. This also fits with my idea that we haven't seen the lows in the stock market yet, and that the SEC lawsuit will drag into the next year. Since the SEC has handed over the Hinman emails to Ripple three weeks ago chances for a settlement are very low imho, so the lawsuit will probably go all the way. If Ripple wanted to settle they would have done it a long time ago.

Now we have to monitor the price action in the next couple of days and see if what we get fits with this idea. In my next update I will focus more on the recent price action since the recent low.

Enjoy your 11.11 !

Sincerely,